A trading opportunity to buy in WTCETHTechnical analysis:
. WALTON/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0100 to 0.0073). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0100)
Ending of entry zone (0.0073)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0131
TP2= @ 0.0147
TP3= @ 0.0167
TP4= @ 0.0195
TP5= @ 0.0233
TP6= @ 0.0307
TP7= @ 0.0395
TP8= Free
Waltonchaineth
WTCETH , weekly update: Total profit 12367 in 1 day.WALTON/ETHEREUM
Total Profit: 12367 Profit
Closed trade(s): 1291 Profit
Open trade(s): 11076 Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.026009 (day close price) based on 2-day reversal candle ( 2-day Hammer ) at 04.02.2018 .
Closed Profit:
TP1 @ 0.0273 touched at 04.03.2018 with 1291 Profit.
Open Profit:
Profit for one trade is 0.028778(current price) -0.026009(open price) = 2769
4 trade(s) still open, therefore total profit for open trade(s) is 2769 x 4 = 11076
Take Profit:
TP2= @ 0.0307
TP3= @ 0.0353
TP4= @ 0.0395
TP5= @ Free
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (0.0244to 0.0207), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index ( RSI ) is 57.
.Current short-term is range bound and beginning of uptrend is expected.
.All SLs moved to Break-even point.
